Kotak Mahindra Bank Ltd.

BSE: 500247 | NSE: KOTAKBANK
Large Cap | Bank - Private
391.65
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Kotak Mahindra Bank reports marginal fall in Q1 consolidated net profit

Date: 28-07-2020

Kotak Mahindra Bank has reported results for first quarter ended June 30, 2020.

The bank has reported 8.51% fall in its net profit of Rs 1244.45 crore for the quarter under review as against Rs 1360.20 crore for the same quarter in the previous year. Total income of the bank decreased 3.26% at Rs 7685.40 crore for Q1FY21 as compared Rs 7944.61 crore for the corresponding quarter previous year.

On the consolidated basis, the bank has reported 4.12% fall in its net profit at Rs 1852.59 crore for the quarter under review as against Rs 1932.21 crore for the same quarter in the previous year. However, total income of the bank increased by 1.60% at Rs 12323.15 crore for Q1FY21 as compared Rs 12129.56 crore for the corresponding quarter previous year.